Economy Archives - Page 51 of 59

Russia Bans Bitcoin and All Cryptocurrencies

Russia's government is banning all Bitcoin and cryptocurrency use across the country, including transactions, mining, and circulation, according to reports. The plan was revealed on Thursday by Russia's central bank, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty. The Russian central bank argues that cryptocurrencies are…

Djokovic Owns 80% Stake in Biotech Company Developing Non-Vaccine Covid Treatment, Report Shows

Tennis star Novak Djokovic and his wife own an 80 percent stake in a biotech company that is developing a non-vaccine-based treatment for COVID-19, according to a new report. The Djokovics are the majority shareholders in a Danish biotech firm QuantBioRes, the company’s boss said on Wednesday. The Serbian native…

Rand Paul Releases Disturbing New Report on Soaring Inflation: ‘It’s Only Going to Get Worse’

Republican Sen. Rand Paul (R-KY) has released a troubling new report on the record levels of inflation in President Joe Biden's economy and its impact on the American people. Senator Paul published his report — “The Hidden Tax” — on Tuesday, revealing how soaring inflation is hurting low and middle-income…

BlackRock CEO Slams ‘Woke’ Business Agendas: ‘We Are Capitalists’

The CEO of BlackRock has slammed the rise of "woke" agendas in business, declaring that "we are capitalists." Larry Fink, the chief executive of the huge American multinational investment management corporation, warns there is no place for a "social or ideological agenda" in his industry. Fink blasted virtue-signaling politics in…

CEOs of Multiple Major US Airlines Warn 5G Could Ground Planes

Multiple CEOs from several major U.S. airlines have warned that 5G technology could cause huge disruptions to air travel by grounding planes. On Monday, a group of top airline executives warned that the nation’s commerce will essentially “grind to a halt” and there will be “significant operation disruptions” to air…

FAA Sets New Rules for Some Boeing 787 Landings Near 5G Service

Federal safety officials have released new sets of rules for some Boeing 787 planes landing in areas that have 5G service. The Federal Aviation Administration (FAA) is directing operators of some Boeing planes to adopt extra procedures when landing on wet or snowy runways near impending 5G service. According to…

Insurance Companies Hit With $44 Billion in Losses during Pandemic

Insurance companies across America have been hit with $44 billion in losses during the pandemic. Insured losses and risks of newer variants emerging increased the strain on risk management companies around the world. The hit was revealed in a recent report by international insurance intermediary group Howden. Although enormous losses…

Weekly Unemployment Claims Soar, Indicating Omicron Hit to Jobs Recovery

The number of weekly unemployment claims for American workers has spiked, indicating that the recent Omicron surge has hit the U.S. jobs recovery hard. In the first week of the year, the number of U.S. workers filing weekly jobless claims—a proxy for layoffs—rose by 23,000 from the prior week. The…

Jack Dorsey Announces ‘Bitcoin Legal Defense Fund’

Block founder and former Twitter CEO Jack Dorsey has just announced the launch of a "Bitcoin Legal Defense Fund" that seeks to protect developers from lawsuits. Dorsey revealed that the fund aims to protect embattled Bitcoin developers from legal threats that imperil their ability to develop new projects on the…

Federal Reserve’s New Policies Will See Bitcoin Outpace Stocks in 2022, Report Suggests

Bitcoin will dominate the cryptocurrency market in 2022, with BTC outpacing traditional stocks thanks to the U.S. Federal Reserve's new policies, according to a new report. New analysis by Bloomberg’s Mike McGlone says Bitcoin is going to continue its meteoric rise this year, despite the recent plunge from all-time highs. Bitcoin is expected to…